Class B Shares definition
Examples of Class B Shares in a sentence
In this regard, if the Offering were deemed to be a general solicitation with respect to the Private Placement Securities and Class B Shares, the offer and sale thereof may not be exempt from registration and, if not, the Purchaser may have a right to rescind its purchase of the Private Placement Securities or Class B Shares.
Upon the Closing Date after delivery of the Purchase Price in accordance with Section 1.3, the Purchaser shall become irrevocably entitled to receive a unit certificate representing the Units and an updated register of shareholders of the Company reflecting the issue of Restricted Shares and the transfer of the Class B Shares purchased hereunder.
The Purchaser acknowledges and agrees this waiver is being made in order to induce the Company and the Sponsor to sell the Private Placement Securities and Class B Shares to the Purchaser, as applicable.
The Purchaser understands and acknowledges that an exemption from the registration requirements of the Securities Act requires there be no general solicitation of purchasers of the Private Placement Securities and Class B Shares.
It is purchasing the Private Placement Securities and Class B Shares solely for investment purposes, for its own account and not for the account or benefit of any other person, and not with a view towards the distribution or dissemination thereof and it has no present arrangement to sell the interest in the Private Placement Securities and Class B Shares to or through any person or entity.